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NEW DELHI: Finance ministry on Monday said the Indian economy has remained resilient amid global headwinds on the back of robust domestic demand, an investment-led strategy due to a transformed climate and high level of public spending, macro-economic stability, apart from a spate of reforms initiated by government over...
NEW DELHI: The Indian economy is likely to achieve a growth rate of 7% in fiscal year 2025 after growing at or above 7% in 2023-24, driven by resilient domestic demand despite risks and uncertainties in the global economic landscape, according to a review of the economy unveiled on...
MUMBAI: Drawing from a viral meme, Kumar Mangalam Birla, chairman of the Aditya Birla Group, on Monday said the Indian economy’s vibrant energy is ‘looking like a wow’. A deeply impactful pulse of confidence in the nation is palpable, the billionaire said in his new year message, adding that...
MUMBAI: Banks are unlikely to get any respite from declining current account-savings account (CASA) ratio in the first half of the current calendar year. Bankers do not expect any improvement in CASA ratio in near term as high interest rates on fixed deposits will keep attracting funds from current...
NEW DELHI: India’s import of crude oil reached a multi-year high of 4.9 million barrels a day in January and increased 13% from December 2023, according to data from energy cargo tracker Vortexa. Indian refiners cumulatively had imported 4.3 million barrels a day in December. The country imported 1.20...
NEW DELHI: Having reaped rich dividends from the Reserve Bank in the current financial year, the government will be looking forward to receiving about Rs 70,000 crore from the central bank and the financial institutions (FIs) in the next financial year. In the interim Budget to be unveiled in...
NEW DELHI: Union Agriculture Minister Arjun Munda on Monday launched a framework to promote the Voluntary Carbon Market (VCM) in the farm sector and said this will encourage small and medium farmers to avail benefits of carbon credit. Introducing farmers to the carbon market will not only benefit them...
NEW DELHI: Adani Green Energy Ltd (AGEL) on Monday said it has completed the funding for redemption of its USD 750 million bonds, eight months ahead of their maturity. The Adani Group company had raised USD 750 million through the issuance of NCDs (non-convertible debentures) which will mature in...
NEW DELHI: National Institute of Securities Market (NISM), an educational initiative by markets regulator Sebi, has invited applications for filling up the position of director. The director of NISM is the Principal and Chief Executive Officer of the institute. Sebi-run NISM is one of the largest financial market certifying...
GURUGRAM: Korean electronics major Samsung plans to start manufacturing laptops at its Noida factory in India this year, a senior company official said on Monday. Terming India as its important manufacturing base, Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh told reporters here that the...
NEW DELHI: North Block is expected to lower its fiscal deficit target meaningfully in FY25, in line with the post-Covid consolidation roadmap, but the Centre’s gross debt sales will likely remain at this FY’s record levels despite New Delhi expectedly slowing the pace of investments in capital assets. A...
NEW DELHI: India has identified electronics, engineering goods, textiles, marine & agriculture, toys and pharmaceuticals as the six sectors that could help the country achieve almost 70% of its $1-trillion goods export target by FY30. As per a study by the commerce and industry ministry, these sectors could clock...
NEW DELHI: The total number of applications filed by investors to the Investor Education and Protection Fund Authority (IEPFA) for claiming their unpaid dividends in the current financial year is likely to cross 45,000, up 18% on year, official sources privy to the matter told FE. Till December-end, the...
MUMBAI: The top-level structure of public sector insurance companies is set to undergo an overhaul with the selection process and interviews for filling up the nine posts of executive directors (EDs) in place of general managers and directors (GMDs) expected to be completed soon. The ED structure for PSU...
NEW DELHI: If there is one word to describe the Budget team, it’s stability. Not only has finance minister Nirmala Sitharaman stayed her full term and will present her sixth straight Budget, but there are at least two secretaries who would be there for their fifth Budget – a...
NEW DELHI: Italian-American off-road construction and agriculture firm CNH is planning to invest up to USD 50 million in the farm machinery segment in India this year and launch a 105HP tractor in May, according to a top CNH India official. CNH, which produces and sells farm machinery and...
NEW DELHI: As many as 431 infrastructure projects, each entailing an investment of Rs 150 crore or more, were hit by cost overrun of more than Rs 4.82 lakh crore in December 2023, an official report stated. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors...
NEW DELHI: The Government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space. The Union government is all set to present the interim Budget on...